Nicole Richie, Nicky Hilton

Jordan Strauss/Getty Images

Who says stars aren't down-to-earth?

Last night, cheap-but-chic store H&M held a VIP preview sale for its holiday collection, and a slew of celebs came out to shop.

Nicky Hilton Rothschild and Nicole Richie, who usually rock über-expensive couture, browsed the racks and cooed over clothes together.

Ryan Phillippe, Abbie Cornish, Mandy Moore , Mena Suvari and Jamie-Lynn Sigler also hit the sale for some affordable fashion.

Maybe the recession has got the stars feeling the pinch? Either that, or they just love a good bargain like we do.

See who else was out on the town last night in the Party Pics: Hollywood gallery.